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Dec 6, 2013
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trace gallagher has the story. >> reporter: the tax is called a reinsurance fee. it's on nearly every health plan for the first three years, meant to raise about $25 billion over the three years to help pay for people with pre-existing conditions. if the change is approved nobody would be exempt next year. in 2015 and 2016 groups that act as their own insurance companies and their own claims processors would be exempt to unions that self-insure would greatly benefit. republican senator orin hatch says it certainly looks like the obama administration is looking at a special deal for unions which is deeply concerning given the problems that all americans are facing due to obama care. now the unions argue this is not aimed at them. it's not nearly enough. the laborers union says, again quoting, as the new regulations offer no substantive relief for our health care plan the laborers union will continue to look for opportunities to fix this egregious tax on our members and their families. remember, the unions fought to help the president get elected and fought to pass
trace gallagher has the story. >> reporter: the tax is called a reinsurance fee. it's on nearly every health plan for the first three years, meant to raise about $25 billion over the three years to help pay for people with pre-existing conditions. if the change is approved nobody would be exempt next year. in 2015 and 2016 groups that act as their own insurance companies and their own claims processors would be exempt to unions that self-insure would greatly benefit. republican senator...
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Dec 4, 2013
12/13
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your new plan is going to tax me. i need to buy another truck and build the company and i am getting taxed more and more. >> i don't want to punish your success, put i want to make sure everybody who is behind you has a chance like that, too. everybody is so pinch that business is bad for everybody. when you spread the wealth, it is good for everybody. >> and that is fine from a political point of view as the president talked about rich people like mitt romney and he used his opponent and john mccain's family and talked about shouldn't rich people like romney be compelled to give more to help those who are not as lucky. middle class, ordinary, regular folks, not even buying plumbing companies, but trying to make ends meet to pay for their own health insurance are being thrown out plans and if they can fight themselves through the website, they can find plans they can't afford. >> just about out of time. but your column today is beautiful and dark in that it discusses your dad and politics today. tell us about that. i
your new plan is going to tax me. i need to buy another truck and build the company and i am getting taxed more and more. >> i don't want to punish your success, put i want to make sure everybody who is behind you has a chance like that, too. everybody is so pinch that business is bad for everybody. when you spread the wealth, it is good for everybody. >> and that is fine from a political point of view as the president talked about rich people like mitt romney and he used his...
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Dec 9, 2013
12/13
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. >> the americaned income tax credit is still there. >> it is. but you can improve upon it so that mothers could make decisions based on their own needs for their kids. >> are you ready for me? >> yes. >> he is doing his whole cause a disservice because he is making a poor argument. because when you look at the reality and open a history book, you see it is the democratic party that has done a disservice to a generation of dprims and others who -- african-americans and others who south africa in poverty to poor communities. because this is getting everyone nowhere. that is what should be addressed and given a hard look instead of throwing out apartheid and reckless terms like that and comparing it to the united states today. >> but let's keep in mind, he did not accuse republicans of this. the democrats are as complicity in this as the republicans are by ignoring it. but the democrats are complicit in it. and having said that, that doesn't change the fact there are separations between poor and wealthy in this city. >> apartheid. >> no. they live
. >> the americaned income tax credit is still there. >> it is. but you can improve upon it so that mothers could make decisions based on their own needs for their kids. >> are you ready for me? >> yes. >> he is doing his whole cause a disservice because he is making a poor argument. because when you look at the reality and open a history book, you see it is the democratic party that has done a disservice to a generation of dprims and others who --...
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Dec 7, 2013
12/13
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does that suggest to you that his policies, such as raising taxes on the rich and increasing spending on the poor have contributed to the income divide? >> yeah, it sure does, greg. what's interesting, you just nailed it. if you look at the sideways in america since at least the 1960s, it has always been the case in america and still i believe today that anyone can succeed in this country, and the president was essentially saying if you grow up poor in america today, you can't get rich, which is contrary to what the american dream is all about. and what is interesting about this issue of income disparity is that what happened in the '80s and '90s especially under president reagan, a republican, and president clinton, a democrat, we had rising mobility. in the last five, six years we haven't seen that. it is true the rich are getting richer and the poor getting poorer under this president's policies. >> his latest idea is to raise minimum wage. he claims there's absolutely no evidence that doing so costs jobs. even "the washington post" gave him two pinocchios for that one. doesn't res
does that suggest to you that his policies, such as raising taxes on the rich and increasing spending on the poor have contributed to the income divide? >> yeah, it sure does, greg. what's interesting, you just nailed it. if you look at the sideways in america since at least the 1960s, it has always been the case in america and still i believe today that anyone can succeed in this country, and the president was essentially saying if you grow up poor in america today, you can't get rich,...
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Dec 7, 2013
12/13
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the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite the opposite, laying people off and keeping them below full time until this obama care problem is solved. >> i'm going to give you a moment to respond there. let me jump in there. where rick leaves off. of course we know a steady climb in employment is better than being stagnant. apart from what rick is considering obama care as a blocker, what would you say are some of the blockers that are preventing more robust job growth to the point where we have that happy days are here feeling that permeates the air? >> i don't think obama care is the thing that is doing it because frankly i think most larger groups, corporations
the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite the opposite, laying people off and keeping them below full time until this...
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Dec 2, 2013
12/13
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he said we should convert employers to tax credits. estimates of that were that there would be 11 million people who would lose health care coverage, the coverage they have, and they'd be dumped on to different kinds of health care plans. so, i have to -- and, you know, john mccain supported a health care plan that had 20 million people lose the coverage they had. so, without better alternatives. so, i think the idea that -- >> i don't -- >> no, no -- >> i know. but i'm just saying, it's a little hypocritical to hear complaints about coverage loss from someone who's authored a plan -- >> all right. thirty seconds to respond about a plan that doesn't exist. go ahead. >> it doesn't, no. but it's your plan. so, criticizing the president for a plan that would have less -- >> ok. we have your point. mr. capretta? >> she's wrong. my -- >> i'm not. >> yes, the plan i drafted, which i would love to have congress and other people consider, would not actually affect the vast majority of people in employer based coverage because it wouldn't chang
he said we should convert employers to tax credits. estimates of that were that there would be 11 million people who would lose health care coverage, the coverage they have, and they'd be dumped on to different kinds of health care plans. so, i have to -- and, you know, john mccain supported a health care plan that had 20 million people lose the coverage they had. so, without better alternatives. so, i think the idea that -- >> i don't -- >> no, no -- >> i know. but i'm just...
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Dec 6, 2013
12/13
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i don't know where you are going to find the money except for the tax payer's pockets. >> just a few days after getting busted stealing a fan's seat at the buffalo bill's game in toronto he took an opportunity to weigh in on the washington redskins and their controversial name. >> why don't we look at the cleveland indians what do we call them next the cleveland aboriginals? it has been around for years and years. if they were offended when the name was first initiated when you started playing. how long have the skins have the name for? how long have the chiefs had the name for or cleveland indians had the name for years and years. all of a sudden the politically correct people have to come out now. i think everything is fine and i would just stick with the name. >> new details about an american teacher gunned down in the streets of benghazi. ronny smith taught chemistry at the benghazi school for over a year. he was days away from returning to the u.s. to be with his wife and child over christmas. he was shot while he was jogging by someone in a black suv near the u.s. consulate whe
i don't know where you are going to find the money except for the tax payer's pockets. >> just a few days after getting busted stealing a fan's seat at the buffalo bill's game in toronto he took an opportunity to weigh in on the washington redskins and their controversial name. >> why don't we look at the cleveland indians what do we call them next the cleveland aboriginals? it has been around for years and years. if they were offended when the name was first initiated when you...
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Dec 3, 2013
12/13
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and that's a good deal for them despite new taxes and regulations. so a lot of division in washington, a lot of back and forth. that's just part of life here. but certainly the insurance industry will benefit. >> doesn't fact the vast majority of white house get our health insurance appance from our employers, but other people are not affect -- for everybody else, go out and check it out yourself. don't listen to the narrative on either side. find out how it affects you and your family. thank you very much. >> thank you. >> the los angeles county coroner's office reports it will soon release the results of an autopsy on actor paul walker. in fact we could get it as early as today. paul walker died saturday when a porsche in which he was riding crashed into a tree in los angeles and burst into name investigators have said all along that speed was indeed a factor. medical examiners say paul walker runs body, along with the driver's body, are unidentifiable. they're reportedly waiting for paul walker's dental records to normally identify his remains. >>
and that's a good deal for them despite new taxes and regulations. so a lot of division in washington, a lot of back and forth. that's just part of life here. but certainly the insurance industry will benefit. >> doesn't fact the vast majority of white house get our health insurance appance from our employers, but other people are not affect -- for everybody else, go out and check it out yourself. don't listen to the narrative on either side. find out how it affects you and your family....
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Dec 9, 2013
12/13
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tax. that tax will be 2.5% of your income in three years. that's how they're going to get, i guess, young people to voluntarily pay more than double. in wisconsin a young man 27 years old, on average his insurance costs will increase by 124%, from about $1,100 a year to over $2,400 a year. that is because of obamacare. the patient protection affordable care act. >> you have obamacare? >> they're trying to get it. we've only gotten a few members of our staff that have been able to sign up so far. i think they've got to sign up today in order to make sure it is in place. my staff is scrambling and my wife is trying to find insurance in the state of wisconsin. >> this week is going to be the medicaid week. the president and the white house are going to be talking about how great it is to expand medicaid. you're not against -- >> brian, we've got to remember in 2009 when this law was being debated, 85% of americans maybe were satisfied with the price of the health care but they liked the healt
tax. that tax will be 2.5% of your income in three years. that's how they're going to get, i guess, young people to voluntarily pay more than double. in wisconsin a young man 27 years old, on average his insurance costs will increase by 124%, from about $1,100 a year to over $2,400 a year. that is because of obamacare. the patient protection affordable care act. >> you have obamacare? >> they're trying to get it. we've only gotten a few members of our staff that have been able to...
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Dec 7, 2013
12/13
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next they'll tax the reindeer outside. what's next? >> we have extreme weather alert, at least 11 people are dead after a winter storm packed with snow, ice and surprisingly cold temperatures descended on the united states. ice, sleet and snow in parts of texas caused several accidents, power outages and flight cancellations. >> check out this video out of duluth, minnesota. an eerie steam effect on lake superior. this happens when the water temperature is warmer than the air. over the past week duluth got almost 3 feet of snow. rick reichmuth is standing by, a tweet from murray holderman in montana. he says it's negative 13 right now. >> yeah, warm. >> negative 13. >> better than glass cow where it's minus 32. >> in montana. the cold is extreme. the temperatures in the far northern rockies and plains seems crazy cold and it is for that area but it's crazy cold to the south. you're 1 degrees in midland, texas, and 21 in dallas and 4 in amarillo. factor in the wind, it feels colder than that. feels like minus 8 in amarillo, texas. it gi
next they'll tax the reindeer outside. what's next? >> we have extreme weather alert, at least 11 people are dead after a winter storm packed with snow, ice and surprisingly cold temperatures descended on the united states. ice, sleet and snow in parts of texas caused several accidents, power outages and flight cancellations. >> check out this video out of duluth, minnesota. an eerie steam effect on lake superior. this happens when the water temperature is warmer than the air. over...
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Dec 4, 2013
12/13
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they can raise taxes. that is a lousy option. they raised taxes already. or they can get a bailout. >> imagine how nervous these families are right now. 25 years and 35 years and one thing we can count on is a happy retirement. >> my heart goes out to these people. they earned those pensions, and they are going to be cut. i blame the politicians a generation ago who made promises which cannot be kept. >> and the unions who cut the deals for then not thinking of later. stuart varney, we're going to watch you at 9:20. three minutes before the bottom of the hour. a woman walking her dog is mauled by a bear. >> how old is she? >> i can't tell. she's so bloody, i can't tell. >> a frantic effort to capture the bear before it attacks again. the wildlife officials are using -- what wildlife officials are using to try to lure the animal out. >>> a marine bringing attention to a common problem in the military. >> typical missions for us last up to a week or more and the only food we have is the food we carry with us. >> up next, giving energy to troops everywhere an
they can raise taxes. that is a lousy option. they raised taxes already. or they can get a bailout. >> imagine how nervous these families are right now. 25 years and 35 years and one thing we can count on is a happy retirement. >> my heart goes out to these people. they earned those pensions, and they are going to be cut. i blame the politicians a generation ago who made promises which cannot be kept. >> and the unions who cut the deals for then not thinking of later. stuart...